Photovoltaic company SolarSpot plans to obtain financing for further development and intends to debut on the stock exchange in 2022, the company said. Currently, SolarSpot is in the process of being transformed into a joint-stock company.

"We diversify the sources of our revenues, systematically expanding the range of offered products and increasing our sales forces, both internal and in the partner network. To take full advantage of the intensive development of the photovoltaic market in Poland and continue the increased growth, we are preparing to enter the stock exchange next year," President Przemysław Błaszczyk said.

SolarSpot generated over PLN 28 million in sales revenues in 2020, five times more than in 2019, and a profit of PLN 2.3 million.

"We would like the obtained financing to allow us to implement our plans related to the increase in the scale of our operations and its scope, e.g. implementation of advanced business projects in the segment of installations above 1 MWp," Vice President Robert Marczak added.

The company is preparing to implement "smart" solutions for clients.

"SolarSpot has so far completed over 2,000 installations throughout Poland for individual clients, business clients, farms, and housing associations. Every month, it carries out about 150 installations for individual and business clients. By the end of this year, it wants to double this result," the release reads.

(ISBnews)